Dependable Plays in an Uncertain Market: Top Performers for 8/16

With the market valued highly in historical terms, booming earnings, and geopolitical turmoil, it’s not easy to develop rational trading strategies.

But news-based trading strategies don’t necessitate certainty regarding the market environment.

Today, our platform picked up on diverse trading opportunities featuring these top gainers: one earnings short play, a long earnings play, and nice gains on regulatory award.

1. Stein Mart (SMRT): Down double-digits on a tough earnings report.

SMRT Chart

Stein Mart (SMRT) had a rough trading session on 8/16, losing over 14% at the time of this writing.

Annual sales are down 2.7% from last year, with earnings per share dipping into negative territory.

While executives defended the results as an improvement on Q1, Q2 sales were driven by aggressive discounts to drive down bloated Q1 inventories.

Investors don’t seem to be “buying in” to the purported improvement, selling to the tune of double digit losses. SMRT is likely to be a strong short play over the next 30 days.

2. Harte-Hanks (HHS): Up on solid earnings news.


Marketing/sales firm and “interactive marketing” pioneer Harte-Hanks announced Q1 earnings results.

HHS, which provides full-service marketing offerings including “end-to-end marketing services including consulting, strategic assessment, data, analytics, digital, social, mobile, print, direct mail and contact center,” has been executing a two-year turnaround plan after recent struggles.

While this quarter’s revenue is down slightly from last year, their CEO argued that newfound earnings stability validated recent turnaround efforts.

Investors agreed, driving the stock to 10% gains in under 24 hours.

3. Rand Logistics (RLOG): up on a regulatory breakthrough.

RLOG Chart

Shipping company Rand Logistics announced safety approval for eight new Canadian vessels. The stock was up nearly 17% at the time of this writing.

The safety certification comes from the American Bureau of Shipping, a third-party auditing organization. More vessels are expected to come online over the next several months, adding to RLOG’s Great Lakes regional shipping capabilities.

Investors seem to thinks the certifications are a sign of promising growth for Rand; they piled into the stock on Wednesday.

Diverse Plays, Big Gains: All in a single news day.

A powerful news analytics platform like NewsQuantified not only makes it easy to track the news, but to quickly compare news events with key financial information.

Today’s gains make the power of this news-based trading approach clear. These plays came from three different sectors, and relatively obscure stocks. No small investor could be expected to track all these companies

Yet they were all at the top of a single easy to use dashboard in the NewsQuantified platform. We make it simple to find big gains from diverse sources in any market environment.

Click here
 to sign up for a free training today. You’ll see how easy to use our platform really is—and how many profitable trades it can unlock. We make the insights of the world’s best financial minds more accessible—and transparent—than ever before.

Subscribe to Email Updates